UK inflation rises April 17, 2012 British inflation ticked up in March, driven by higher food and clothing prices and reinforcing expectations the Bank of England will not inject more stimulus into the economy next month. The Bank of England and the government have been hoping that falling price pressures will ease the squeeze on Britons’ budgets and boost consumer spending. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 16, 2012 FINANCIAL TIMES AB InBev takes over Dominica’s CND Anheuser-Busch InBev is to pay $1.24bn for control of fellow brewer Cervecería Nacional Dominicana. Cautious go-ahead for fracking The future of hydraulic fracturing – known as fracking – the contentious natural gas extraction technology – has been boosted after a report cleared the way for a company [...]
Moulton buys Jaeger despite UK retail woes April 16, 2012 JON Moulton has admitted his concern over the health of Britain’s high street despite making a £19.5m swoop on Jaeger, the upmarket fashion chain set up nearly 130 years ago. The private equity veteran told City A.M. it is “almost inconceivable” that he will not close some of Jaeger’s 50 stores and 90 concessions after [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 12, 2012 FINANCIAL TIMES EU seeks new curbs on bonuses Bankers’ bonuses across Europe would be capped at no more than their fixed salaries under strict new curbs sought by senior lawmakers in response to continued public anger over financial sector pay. EU parliamentarians are drawing up new caps on bonuses to be included in the latest [...]
Commercial property firms at their busiest in over two years April 12, 2012 COMMERCIAL property developers in Britain have enjoyed their busiest month in more than two years, according to research out today. Public sector work has expanded for the first time since February 2010, while private sector developers posted their first growth in nine months, figures compiled by Markit for Savills showed. Around one in four commercial [...]
We need an open contest to decide who will run the Bank April 12, 2012 THERE is no doubt that George Osborne’s most important decision over the next few months will be who he appoints as the next governor of the Bank of England. That job, which becomes vacant next year, is by a huge distance the most powerful unelected position in the UK; its formal powers now span monetary [...]
We need an open contest to decide who will run the Bank April 11, 2012 THERE is no doubt that George Osborne’s most important decision over the next few months will be who he appoints as the next governor of the Bank of England. That job, which becomes vacant next year, is by a huge distance the most powerful unelected position in the UK; its formal powers now span monetary [...]
Good earnings help US shares bounce back April 11, 2012 AN encouraging start to earnings season helped US stocks rebound yesterday five days of losses that pushed the S&P 500 below a key technical level. Equities cut gains late in the session after the Federal Reserve said rising energy costs were a concern for economic growth. Atlanta Fed President Dennis Lockhart said the economy would [...]
Attracting attention in your job hunt is a subtle science April 11, 2012 WHAT value is there in seeking attention? The practice has a bad reputation, known as part of the power-play of ill-disciplined little children. But in a competitive job market, where even the best must struggle to win over recruiters or potential employers, some argue that there’s virtue in trying to be noticed in the early [...]
French economy grinds to a halt April 10, 2012 France’s economy posted no growth in the first quarter and there are no sign of a strong recovery in activity in the coming months, according to a Bank of France survey. In its monthly report, the Bank of France indicated that the euro zone’s second largest economy avoided a recession, after it grew by 0.2 [...]